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Ohio Car Insurance Discounts

Ohio is a wonderful state to live in. It is the seventh largest state in the country in terms of the population, with almost eleven and a half million residents . The state was home to half a dozen different Native American tribes until the French began to set up trading posts around the area in the mid 1700's. The employment rate in Ohio is currently at 8.85% compared with a national average of 7.6%. Roughly 13.1% of Ohio's population lives below the poverty line. The manufacturing and financial business industries are the largest employers in the state, with education and healthcare following closely behind. The state remains a popular tourist attraction to passersby.

Both tourists and residents of Ohio should familiarize themselves with the traffic laws and regulations that govern the roadways of Ohio. This includes educating yourself about the requirements for Ohio car insurance. A motorist, in order to own and operate a vehicle legally, must maintain minimum Bodily Injury Liability limits of $12,500 per injured person up to a total of $25,000 per accident, and Property Damage Liability coverage with a minimum limit of $7,500 .

Ohio also operates under what is called a Tort system when it comes to dealing with automobile collisions. Under the guidelines of this system, one party involved in an accident must be determined to be at fault for the accident. He or she and the Ohio car insurance company, then become legally and financially responsible for paying the medical expenses and property damage repair costs of all other motorists involved in the collision. Because the Ohio car insurance requirements are fairly low when compared to the minimum requirements for other states, you may to consider purchasing additional monetary amounts of car insurance.

Discounts for Ohio Car Insurance

Now that you have a thorough understanding of what the requirements for car insurance are, you can learn about the discounts that are available to you through your car insurance provider. The average cost of an Ohio auto insurance policy has hovered, so far, in 2009 around almost $1,451. By comparison, national average policy purchase price is $1,780 . Clearly, Ohio residents enjoy lower than average premiums on their Ohio vehicle insurance. However, you may be eligible for discounts from your car insurance provider that can lower your rates even further. Here are some of the more common discounts that are offered by Ohio vehicle insurance providers:

Anti Theft Discount - You become eligible for this discount when you have an anti theft device, such as an alarm or a tracking system. One of the first pieces of information that an Ohio car insurance company will ask you for is your zip code. From your zip code, they are able to pull out the crime statistics for your neighborhood or community. This allows the company to surmise how likely you are to be victimized by a crime, like theft or vandalism. If you live in a bad neighborhood, you will most likely be charged higher premiums. Receiving this discount can help you to offset these additional costs. 

Safety Discount - If you are in the market to purchase a new vehicle, you may want to consider buying one that is loaded with safety features. You will also want to use a vehicle's crash test ratings as a guideline to which kind of car you buy. It does not have to be the most expensive car available as long as it is safe. The majority of Ohio automobile insurance companies offer a discount to a car with multiple safety features. The two most common examples of such features are anti lock brakes and airbags. However, items like GPS navigation systems can also fall into the category of safety features. You can contact your Ohio automobile insurance provider for a complete list of approved safety features. The savings that will secure by receiving a safety discount can help to offset the cost of your car payment each month. 

Good Driver Discount - It is common knowledge that your driving history is an important factor that a company takes into account when they are determining your car insurance premiums. Your driving history is considered indicative of the sorts of behavior patterns you engage in when you are on the road. In an insurance company's eyes, the more of a risk that you pose to them, the higher rates they will charge you in order to insulate themselves against any future financial loss you may cost them. However, if you have maintained a clean driving history for three to five years, you can qualify for this discount. Often, this discount will afford you up to twenty percent off of your premiums. This can be quite a substantial amount of money. Many Ohio car insurance companies will also increase the amount of your discount for each year that you maintain a clean driving history. 

Hybrid/ Alternative Fuel Vehicle Discount - The creation of this discount is relatively new among Ohio car insurance companies. Therefore, if you are considering purchasing a hybrid vehicle, you may want to check with your Ohio car insurance company to make certain that they do offer this discount before your purchase the car. Hybrid cars are enjoying an increasing surge of popularity within the last decade. As gas prices have failed to stabilize as of yet, many motorists are turning to hybrid vehicles for relief. In addition to saving copious amounts of gas, a hybrid vehicle also reduces half the amount of gas emissions that a regular car does. If you purchase a new vehicle, you might want to consider buying a hybrid. 

Good Student Discount - This is a discount that is offered by most Ohio car insurance companies. Parents with young adult drivers in their household tend to be very fond of this discount. In order to qualify for this discount, your child must be under the age of twenty four. He or she must be enrolled full time in either college or high school. While the particulars as to what kind of grades your child must maintain will vary amongst providers, generally, a "B" average will suffice. This discount is also available to homeschoolers, and it can be a great way to teach responsibility to your kids.

The Importance of Shopping around for Car Insurance

Obviously, there are numerous discounts available to motorists in Ohio if they qualify. Investing your time and energy into research and self education can save you money financially. If you do not think that your current Ohio auto insurance provider offers enough discounts, you can always engage in price comparison techniques to see what other car insurance companies will offer you in the way of discounts. With the plethora of nationwide, statewide, and local coverage carriers in Ohio, you are almost guaranteed to find and insurance company that will offer you your desired coverage at an affordable rate. You can comply with the law's requirement for car coverage without having to step outside of your budget. Knowing that you are adequately protected should you ever be involved in a car collision will free you up to fully enjoy the many benefits that Ohio has to offer.

[2] [3] Retrieved November 9, 2009


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